Swiss National Bank Takes Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Swiss National Bank acquired a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 424,600 shares of the communications equipment provider’s stock, valued at approximately $2,212,000. Swiss National Bank owned about 0.20% of CommScope at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Monarch Alternative Capital LP acquired a new position in shares of CommScope in the third quarter worth $16,623,000. Bank of Montreal Can acquired a new position in CommScope in the 3rd quarter valued at about $7,023,000. Two Sigma Advisers LP lifted its holdings in CommScope by 29.3% in the 3rd quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider’s stock valued at $26,296,000 after purchasing an additional 975,200 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CommScope by 151.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider’s stock worth $5,500,000 after purchasing an additional 542,794 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of CommScope by 9.2% during the third quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider’s stock worth $28,034,000 after buying an additional 387,466 shares in the last quarter. Hedge funds and other institutional investors own 88.04% of the company’s stock.

CommScope Stock Down 1.4 %

COMM opened at $5.54 on Friday. CommScope Holding Company, Inc. has a 52-week low of $0.86 and a 52-week high of $7.19. The company has a 50 day moving average of $5.33 and a two-hundred day moving average of $5.48. The company has a market cap of $1.20 billion, a P/E ratio of -1.25, a P/E/G ratio of 0.41 and a beta of 1.89.

Wall Street Analyst Weigh In

COMM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. Raymond James lowered CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research note on Tuesday, January 14th. Finally, Morgan Stanley cut shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, CommScope has an average rating of “Hold” and a consensus price target of $4.75.

About CommScope

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.